Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[rolling]

https://bitfinex.statuspage.io/

New update just posted...

[Spaceman_Spiff]

If you are trading a larger spectrum, like "oh it's 550 today, I think it will rebound to 600+ levels in a week", why would I keep my money on the exchange? I'll buy at 550, take it to my wallet, return it to the exchange in a week, sell them then, get my fiat.

because you were waiting for a dip in the 5xx s and had bids ready to take a big leveraged long position?  FML

[AlexGR]

If you are trading a larger spectrum, like "oh it's 550 today, I think it will rebound to 600+ levels in a week", why would I keep my money on the exchange? I'll buy at 550, take it to my wallet, return it to the exchange in a week, sell them then, get my fiat.

because you were waiting for a dip in the 5xx s and had bids ready to take a big leveraged long position?  FML

If I'm waiting a dip to buy with my fiat, then my problem is not the 10-40m confirmation times of bitcoin, but the eons of time that bank wires take.

[empowering]

"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled"

 

[marcus_of_augustus]

"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled"

 

[empowering]

"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled"

 

 

Yup I had a few coins on there in a few old margin accounts - liquidation points around and or sub $150

Ah well- tis what it tis I was under zero illusion- no big loss.

[marcus_of_augustus]

...and yeah, govvy shills are gonna try and pump regulated exchanges hard around about now ... like Lehman Brothers, Bear Stearns, Jon Corzine MF Global all regulated by CFTC ... lovely stuff, if they can;t trace you they'll hunt you down and rip you off using criminal tactics "whatever it takes" to enforce the monetary tyranny

[empowering]

Decentralised exchanges please... (and yes I know Bitsquare)

[aminorex]

Monkey thinks BTC turns down again in about an hour.  He does not think the dumps are over, by any means.  But he does tend to lag on that issue, historically. https://www.youtube.com/watch?v=8XpZ8mKlS-c

Wrong.  But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.

[marcus_of_augustus]

Monkey thinks BTC turns down again in about an hour.  He does not think the dumps are over, by any means.  But he does tend to lag on that issue, historically. https://www.youtube.com/watch?v=8XpZ8mKlS-c

Wrong.  But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.

[medevlo]

And up we goooooo...
almost to $570..
come on you bloody bastard ... SKY!

[empowering]

Monkey thinks BTC turns down again in about an hour.  He does not think the dumps are over, by any means.  But he does tend to lag on that issue, historically. https://www.youtube.com/watch?v=8XpZ8mKlS-c

Wrong.  But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.

[marcus_of_augustus]

  ... too funny.

In all seriousness, we have had some progress:

MyBitcoin was an excel spreadsheet on some anonymous guys laptop
Mt. Gox was a web based exchange written in PHP by some tubby french guy bouncing on a Swiss ball nursing a frappucino
Bitfinex was web based exchange written in Ruby by some HK hedge fund wannabes

... continuing on this evolutionary arc next we'll have the new 'biggest' bitcoin Javascript-based exchange blow-up, then a java-based exchange, one day some real coders and security guys will decide to start an trustless, dark exchange because the financial shilly types, lawyers, regulator parasites and govvy agents have been run out of town with bigger problems (of the lamposts and nooses type)

[empowering]

... too funny.

In all seriousness, we have had some progress:

MyBitcoin was an excel spreadsheet on some anonymous guys laptop
Mt. Gox was a web based exchange written in PHP
Bitfinex was web based exchange written in Ruby

... continuing on this evolutionary arc next we'll have the new 'biggest' bitcoin Javascript-based exchange blow-up, then a java-based exchange, one day some real coders and security guys will decide to start an trustless, dark exchange because the financial shilly types, lawyers, regulator parasites and govvy agents have been run out of town with bigger problems (of the lamposts and nooses type)

(don't forget the pitch forks, and of course the classic of drowning bankers in the nearest river)

[ImI]

Monkey thinks BTC turns down again in about an hour.  He does not think the dumps are over, by any means.  But he does tend to lag on that issue, historically. https://www.youtube.com/watch?v=8XpZ8mKlS-c

Wrong.  But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.

Monkey thinks we will go straight to $1000 from here, just like the Silkroad-event in Aug/Sep 2013.

[medevlo]

... too funny.

In all seriousness, we have had some progress:

MyBitcoin was an excel spreadsheet on some anonymous guys laptop
Mt. Gox was a web based exchange written in PHP
Bitfinex was web based exchange written in Ruby

... continuing on this evolutionary arc next we'll have the new 'biggest' bitcoin Javascript-based exchange blow-up, then a java-based exchange, one day some real coders and security guys will decide to start an trustless, dark exchange because the financial shilly types, lawyers, regulator parasites and govvy agents have been run out of town with bigger problems (of the lamposts and nooses type)

What is coinbase run on? I can see them the next one too fail.
As the book title's written: Not too big to fail  

[JayJuanGee]

amazing how bitcoin took that bitfinex 60M dollar 120k coin hack like it was nada .. stroll through the park for bitcoin... didn't even phase it.. we are at a whole new era of bitcoin! it doesn't matter what happens, bitcoin is power!.. bring on the hackers, we are the badasses . everyone pile in.. moonshot! .. the train is going to leave the station.. we are all going to be buying boats soon! we are #1... if u aint in bitcoin, u are gimped.

Look the goofball, gimpyAztec is back, and hopefully learning that our little friend bitcoin is a bit more resilient than some of us had anticipated, but gimpyAz is not going to give up in his tenacious attempts to predict $300 coins - maybe along with his boyfriend, BJA - who shorted at $280 and then shorted again at $380... Only time you see them back is when there is some kind of outside possibility that bitcoin HODLers may be fearful enough to sell against their interests.

[AlexGR]

And up we goooooo...
almost to $570..
come on you bloody bastard ... SKY!

As I said, you can't expect a 70mn hack to sustain a marketcap suppression of 2 billion+. It's not reasonable and it's not sustainable.

If it was reasonable, the entire ETH marketcap should have been zeroed out after the DAO hack (similar size hack yet at a coin of 1/10th marketcap).

[Searing]

And up we goooooo...
almost to $570..
come on you bloody bastard ... SKY!

As I said, you can't expect a 70mn hack to sustain a marketcap suppression of 2 billion+. It's not reasonable and it's not sustainable.

If it was reasonable, the entire ETH marketcap should have been zeroed out after the DAO hack (similar size hack yet at a coin of 1/10th marketcap).

Well sorry to say I'm waiting for the other shoe to fall....the Chinese miners saying they are gonna fork ....nothing from the meeting to me means nothing was fixed
of this last year go around on block size...thus FORK (fml)

wait for it......

[empowering]

Grumpy? How is "Never a dull moment " grumpy? You're like unscary clowns, I totally enjoy your wacky shenanigans!

It was more your outrageous petulant and over the top outburst "Got nothing again? Good!"  

Deary deary me... I do not know, I think your blood sugar might be low, you get tetchy when your blood sugar gets low... is it that weird diet of yours?

Anyway you were telling us all a bedtime story about banning all of the exchanges... I was enjoying it... hence my kind words of encouragement, to which you so violently objected... but please do go on...

(somebody stop me)